U.S. Bancorp (NYSE:USB) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its position in U.S. Bancorp (NYSE:USB - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,655 shares of the financial services provider's stock after selling 5,270 shares during the period. Moloney Securities Asset Management LLC's holdings in U.S. Bancorp were worth $1,759,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LBP AM SA increased its stake in shares of U.S. Bancorp by 91.1% during the first quarter. LBP AM SA now owns 35,253 shares of the financial services provider's stock worth $1,488,000 after purchasing an additional 16,803 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in U.S. Bancorp by 118.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 420 shares during the last quarter. Capital Management Associates Inc boosted its holdings in U.S. Bancorp by 100.0% in the 1st quarter. Capital Management Associates Inc now owns 20,594 shares of the financial services provider's stock valued at $869,000 after purchasing an additional 10,297 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of U.S. Bancorp by 136.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 238,231 shares of the financial services provider's stock worth $10,058,000 after acquiring an additional 137,331 shares during the last quarter. Finally, YANKCOM Partnership lifted its holdings in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on USB shares. TD Cowen started coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 target price on the stock. Citigroup increased their price objective on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Bank of America dropped their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Royal Bank Of Canada lowered their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $51.70.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

NYSE:USB traded down $0.44 during mid-day trading on Friday, hitting $47.13. 11,510,101 shares of the company's stock traded hands, compared to its average volume of 9,408,247. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The firm's 50 day simple moving average is $44.27 and its 200 day simple moving average is $44.40. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a market cap of $73.43 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same period in the previous year, the firm posted $0.78 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.